Victory Securities Become Hong Kong’s First Virtual Asset Retail Broker
Victory Securities marked a milestone by becoming the first licensed corporation in Hong Kong to trade in cryptocurrency. The venture has received approval from the Securities and Futures Commission (SFC) for providing virtual asset trading and advisory services to retail investors.
With a legacy of 50 years deeply rooted in Hong Kong, Victory Securities will serve as a momentous leader in shaping up Hong Kong’s crypto industry.
Strategic Initiatives Unveiled by Victory Securities
Mr. Chen Peiquan, Executive Director of Victory Securities, expressed his enthusiasm for the achievement. He stated that he’s delighted to once again receive recognition from the SFC, making Victory the ‘first’ in this transformative journey.
The recent development in crypto regulations in administrative regions of China is a remarkable step after the China crypto crackdown.
He further elaborated that the achievements this year, including multiple ‘firsts’ in the virtual asset field, position them to lead and accumulate valuable operational experience in the industry.
The firm reclaiming the ‘first’ title will allow it to expand investor choices in compliant investments, leveraging its extensive business experience.
The data from Victory Securities reveals a remarkable surge in virtual asset trading volume and new customer acquisition during the third quarter of this year. This indicates a growing demand for virtual asset trading services in Hong Kong. In response, the company plans to introduce various promotions to encourage new customers to opt for compliant and secure virtual asset trading services.
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The “Buying Stocks, Coins, Equally Simple” Plan
One of the key initiatives is the introduction of the “Buying Stocks, Buying Coins, Equally Simple” plan. This plan allows customers to experience the seamless integration of virtual assets and securities services through Victory Securities’ unique trading platform.
In addition to facilitating virtual asset trading, Victory Securities aims to connect traditional finance with virtual assets, providing customers with flexible and convenient options for asset allocation. The company also plans to offer investment advice on virtual assets and publish related research reports for general investors.
With a focus on investor education, Victory Securities aims to enhance awareness of virtual assets, actively promote the widespread adoption of virtual asset investments, and collaborate with regulatory authorities to build Hong Kong into a stable, secure, and sustainable virtual asset trading center.
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